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Peace economics“Child School Enrollment Decisions, Perceptions and Experiences of Conflict in the Chittagong Hill Tracts of Bangladesh” a paper co-authored by Muhammad Badiuzzaman and Syed Mansoob Murshed has just published by the Peace Science and Public Policy Journal.  This paper aims to analyze rural household livelihood decisions, especially educational investment for future generations, in a post-conflict setting located in the Chittagong Hill Tracts (CHT) region of Bangladesh.

We analyze rural household children’s school enrollment decisions in a post-conflict setting in the Chittagong Hill Tracts region of Bangladesh. The innovation of the paper lies in the fact that we employ information about current subjective perceptions regarding the possibility of violence in the future and past actual experiences of violence to explain household economic decision-making. Preferences are endogenous in line with behavioral economics. Regression results show that heightened subjective perceptions of future violence and past actual experiences of conflict can increase child enrollment.

 

 

irene van staverenEconomics after the crisis is an introductory textbook to economics from a pluralist and global perspective. This textbook covers key topics in micro and macroeconomics. However, this book differs from other introductory economics textbooks on the market in the perspective it takes, and it incorporates issues that are presently underserved by existing textbooks on the market. This book offers an introduction to economics that takes into account criticisms of the orthodox approach, and which acknowledges the role that this largely Western approach has played in the current global financial and economic crisis.

More con be found here.

Irene van Staveren is professor of pluralist development economics at the Institute of Social Studies (ISS) of Erasmus University Rotterdam.

Professor Van Staveren’s field of research included feminist economics, heterodox economics, pluralist economics and social economics. Specificaly, her field of expertises lie in ethics and economic philosophy.

She is head of the PhD programme and project leader of the online database Indices of Social Development. In addition, Van Staveren is a member of the prestigious Dutch advisory board Raad voor Maatschappelijke Ontwikkeling (transl. Council for Social Development), the think tank Sustainable Finance Lab and she is in the editorial board of the Journal of Economic IssuesReview of Social EconomyFeminist Economics and Economic Thought.

irene van staveren Irene van Staveren will be awarded the 2014 Thomas Divine Lifetime Achievement Award at the Association for Social Economics meetings in Boston in January 2015.

Named for one of the founding fathers of the Association for Social Economics, the Thomas F. Divine Award is presented annually to an Association member who over a lifetime has made important contributions to social economics and the social economy. The Award takes the form of a bronze medallion with the recipient’s name and date of presentation engraved on the back.  A $1,000 cash stipend is included. The Award is formally presented by the Association at the Presidential Breakfast at the annual meetings.

The Award was presented for the first time in 1986.

More can be found at the ASE/ASSE

This paper investigates the economic consequences of sickness and death and the manner in which poor urban households in Bangladesh respond to such events. Based on longitudinal data we assess the effects of morbidity and mortality episodes on household income, medical spending, labour supply and consumption. We find that despite maintaining household labour supply, a serious illness exerts a negative effect on household income for the poor. However, the estimates do not reject consumption smoothing. The most prominent response to finance current needs is to borrow from money lenders, which leads to an increase in household debt-to-income ratios with possible detrimental effects on future consumption.

Keywords: Sickness, death, income, labour supply, coping strategies, Bangladesh.

Download the working paper

About the Authors

Farid Farid U. Khan is an Assistant Professor of economics in the University of Rajshahi – one of the largest public universities in Bangladesh. Currently, he has been pursuing a PhD course in the Curtin University, Western Australia under the scholarship of International Postgraduate Research Scholarship (IPRS) from Australian government. He has been teaching as a sessional academic in Curtin University since 2013. He studied MA in Development Studies (major in Development of Economics) from the ISS under The Netherlands Fellowship Program in 2010. Farid received both his Bachelor and Masters in economics from the University of Rajshahi. In recognition of his outstanding academic performances, Rajshahi University awarded him the “University Award” after his graduation. He also received the Professor Hans Opschoor Award for the best research paper in the Economics of Development (ECD) and was nominated for the ISS MA Research Paper Award 2010. Farid published few papers in peer-reviewed journals in Bangladesh and presented papers in various international conferences, including 9th Development Dialogue conference 2011 at ISS, the 42nd Australian Conference of Economist 2013 and 9th World Congress in Health Economics 2013. His main research interest is in applied econometrics, nonparametric econometrics, health economics and agricultural economics.

Arjun_Bedi Arjun Bedi is a Professor of Development Economics at the International Institute of Social Studies of Erasmus University of Rotterdam and School of Foreign Service-Qatar, Georgetown University. Prior to joining ISS in 1999, he held positions at the University of Bonn (1998-99) and Columbia University (1996-98). His research focuses on labour and human resource economics in the context of developing countries and more recently on socio-economic changes in India including the link between dowry and domestic violence and the linkages between the economic value of women and female infanticide and sex-selective abortion in India. His work has been published in several international economics and development studies journals including Journal of Development Economics, Economic Development and Cultural Change, Journal of Development Studies, Applied Economics, Labour Economics, Economics of Transition,Economics of Education Review and World Development.

RobertRobert Sparrow is a Fellow with the Arndt-Corden Department of Economics at the Crawford School of Public Policy of the Australian National University. He obtained a PhD in Economics from the Vrije Universiteit Amsterdam and Tinbergen Institute in 2006. His research interests relate to development economics, social policy evaluation, health economics, child labour and education. Current research projects deal with evaluation of health and education policy interventions and renewable energy programs in Indonesia, and community based health insurance in Ethiopia.

SajjadThis paper was written while Sajjad was a visiting scholar at the International Institute of Social Studies in 2012. The author would like to thank the International Institute of Social Studies (ISS) of Erasmus University of Rotterdam for hospitality and support. Special acknowledgement is due to Peter A.G.van Bergeijk for detailed comments and helpful suggestions.

  “The effects of oil shocks on government expenditures and government revenues nexus (with an application to Iran’s sanctions)” is a paper authored by Sajjad Faraji Dizaji has just been published by Economic Modelling. This study investigates the dynamic relationship between government revenues and government expenditures in Iran as a developing oil export based economy. This paper uses the impulse response functions (IRF) approach to consider the potential effects of economic sanctions in terms of oil shocks on Iranian main Macroeconomic variables.  As a result the contribution of oil revenue shocks in explaining the government expenditures is stronger than the contribution of oil price shocks. The results of the vector autoregression (VAR) and vector error correction (VEC) models show that the strong causality is running from government revenues to government expenditures (both current and capital) while the evidence for the reverse causality is very weak. From the political economy view the findings of this study show that those sanctions aiming to restrict the Iranian government’s oil export revenues, potentially can affect the government total expenditures as an important engine for developing the Iranian economy.

Sajjad Faraji Dizaji is currently assistant professor of Economics at Tarbiat Modares University of Iran.  He has taught a variety of economic courses for BA and MA students in some Iranian universities during the last years. His main fields of research are the political economy of natural resources, economic sanctions, effects of oil shocks on the macro-economy, and development economics. He has several publications in refereed journals such as Journal of Peace Research, International Journal of Humanities of Islamic Republic of Iran and some other Iranian journals.

Syl_PeterMeasuring multi-membership in economic integration and its trade impact: a comparative study of ECOWAS and SADC” a paper co-authored by  Sylvanus Kwaku Afesorgbor and Peter van Bergeijk has just been published by the South African Journal of Economics.  This paper provides a novelty from both the empirical and theoretical perspectives as it is the first paper, to the best of our knowledge, that measures and compares the trade impact of overlapping (multi)-membership in economic integration using the world-known workhorse of international trade, the gravity model.

We find a positive impact if an additional membership complements the integration process of the original regional integration initiative: overlapping memberships had a much stronger and significant positive effect on bilateral trade within ECOWAS compared with an insignificant impact within the SADC.

The idea about this paper was conceived right from ISS. The novelty of the idea in this paper has been recognized and awarded. This paper received the Prof. Opschoor best paper award within the ECD specialization at ISS. Not only that, the German Development Committee also awarded us a grant for the paper to be presented at prestigious AEL conference in Berlin. Sylvanus Kwaku Afesorgbor is currently, a PhD Fellow at Aarhus University, Denmark.

 

Rolph van der HoevenTraditional development aid interventions, as formulated in the Millennium Development Goals, might not be the most effective response for the poor to grow out of poverty due to the triple crises of nutrition, finance and environment, in addition to the changing geopolitical landscape. New challenges therefore need to be confronted in a post-2015 agenda, which could be the best part of a global social contract in which all concerns should therefore be discussed in order to reach the goal of full and productive employment. Coherent policies both at national and international levels are needed that go far beyond concerns of development aid and successful technical assistance projects. The challenge is to have these policies well-articulated in a post-2015 development agenda, otherwise full employment would remain a lofty and elusive goal.

Got the article here

About the author

Peter_11Peter van Bergeijk,  interviewed in three of the major nation-wide newspapers NRC, NRC next and Trouw, recently argues that the sanctions against Russian annexation of the Crimean Peninsula will not bite and change President Putin’s policy. ‘These so-called ‘smart’ sanctions that aim at individuals in the Russian leadership are sold as important, but they actually amount to less than a very complicated way of doing nothing. Comparing the EU sanctions against Russia with the sanctions against Iran on which van Bergeijk recently published in the Journal of Peace Research, he concludes that the impact of those macroeconomic  sanctions was substantial. Moreover while Iran is an autocratic country the Iranian middle class still has political cloud. These sanctions did hurt the middle class and that pressure translated into a change of leadership and a new policy regarding nuclear issues.

For a detailed information, got the analysis here

 

Peter_from_cvEconomic diplomacy is being rediscovered as a government activity that may help to boost trade and investment. But can it play a role in the foreign trade and investment activities of developing countries? More importantly: does it pay off?

Developing countries are increasingly taking the lead in world trade: in 2011 more than 51% of international trade originated in the global South. This is good news because it implies that developing countries are successfully diversifying their economies both with respect to the composition of production (the intensity of international trade in relation to domestic economic activities) and with respect to their trade partners

This success, however, is mainly driven by growing trade between developing countries. With respect to the entering to market of developed countries, the progress is less clear and one reason is that these countries often still have a reputation for being unable to produce quality products. Purchasing managers in the North often do not trust suppliers from the global South. Similar reasoning applies to foreign investment. Developing countries thus need to improve their reputation by, for example, creating and signalling higher national quality standards and increasing their number of trading and investment partners. An important instrument to provide this manner of ‘trade capital’ (a public good for all companies in a country) is via economic diplomacy.

Read the article here.

Download the pdf version here (scroll down to page 14).

Dr. Peter van Bergeijk is Professor of International Economics and Macroeconomics at the International  Institute of Social Studies of Erasmus University of Rotterdam.

 

Zelalem Y

Lead author ISS PhD researcher Zelalem Yilma Debebe

Using survey data and event history interviews undertaken in Ethiopia, they investigate which shocks trigger which coping responses and why? Relatively covariate natural and economic shocks trigger reductions in savings and in food consumption while relatively idiosyncratic health shocks prompt reductions in savings and a reliance on borrowing. Surprisingly, across all shocks, households do not rely on gifts from family and friends, highlighting the need for formal protection systems.

They argue that the insensitivity of food consumption to health shocks does not imply insurability but indicates that it is not a viable response to such a shock.

Forthcoming in the Journal of Development Studies. Accepted on January 23, 2014. By Zelalem Yilma DebebeAnagaw Mebratie, Robert Sparrow, Degnet Abebaw, Marleen Dekker, Getnet Alemu, Arjun S. Bedi


International Institute of Social Studies

Economics of Development (ECD) is a Major in the MA in Development Studies. This blog provides a platform for discussion for researchers, students and others interested in this field of studies. The blog is administered by the ECD teaching team.